Practice Management

Yount, Hyde & Barbour PC announced it will merge with its neighbor, Rose, Sanderson & Creasy LLC, a Richmond, Va.-based CPA firm.

Although President Bush's tax reform advisory group recommended against shifting the U.S. to a European-style value added tax or a national sales tax system, congressional advocates of consumption taxes haven't given up the fight.

The Senate will debate a tax bill that would cut taxes by about $61 billion over the next five years, and would include a $5 billion tax next year for the nation's biggest oil companies.

The Internal Revenue Service has launched its revamped Web site at www.irs.gov.

A report from the Government Accountability Office suggested the Internal Revenue Service and the United States Citizenship and Immigrations Services -- the agency responsible for immigration administration -- form a partnership to share information and increase tax compliance.

In early November, Rector J. Edwin Bacon told parishioners at the All Saints Episcopal Church in Pasadena, Calif., that the Internal Revenue Service was examining the church for a possible violation of its nonprofit status.

While the Internal Revenue Service has made "great strides" in addressing financial management challenges and internal control deficiencies, a report from the Government Accountability Office stated that the service still faces substantial hurdles in that area.

The Internal Revenue Service has issued Notice 2005-88, which explains steps that large corporations and tax-exempt organizations can take to seek waivers from electronic filing requirements.

The heads of the nation's five major oil companies testified about their $30 billion in third-quarter profits before a joint session of the Senate's Energy and Natural Resources Committee and Commerce Committee.

St. Louis-based accounting firm RubinBrown LLP has acquired Henderson, Warren and Eckinger PC PA, one of the largest locally owned firms in Kansas City. Terms of the merger were not disclosed.